Foguth Wealth Management LLC. Acquires Shares of 8,754 The Kraft Heinz Company (NASDAQ:KHC)

Foguth Wealth Management LLC. acquired a new stake in The Kraft Heinz Company (NASDAQ:KHC) in the first quarter, Holdings Channel reports. The fund acquired 8,754 shares of the company’s stock, valued at approximately $323,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in shares of Kraft Heinz by 401.8% in the third quarter. Acadian Asset Management LLC now owns 21,293 shares of the company’s stock valued at $715,000 after purchasing an additional 17,050 shares in the last quarter. LPL Financial LLC raised its stake in shares of Kraft Heinz by 9.8% in the third quarter. LPL Financial LLC now owns 522,714 shares of the company’s stock valued at $17,584,000 after buying an additional 46,492 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in shares of Kraft Heinz by 39.2% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,624 shares of the company’s stock valued at $55,000 after buying an additional 457 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Kraft Heinz by 18.8% in the third quarter. O Shaughnessy Asset Management LLC now owns 36,852 shares of the company’s stock valued at $1,240,000 after buying an additional 5,823 shares during the period. Finally, Treasurer of the State of North Carolina raised its stake in shares of Kraft Heinz by 2.3% in the third quarter. Treasurer of the State of North Carolina now owns 429,873 shares of the company’s stock valued at $14,461,000 after buying an additional 9,730 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Lande Rashida La sold 10,140 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $35.95, for a total transaction of $364,533.00. Following the transaction, the insider now owns 158,266 shares in the company, valued at approximately $5,689,662.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Kraft Heinz Trading Down 0.2 %

Shares of NASDAQ KHC traded down $0.05 during midday trading on Friday, reaching $32.22. The company had a trading volume of 9,939,022 shares, compared to its average volume of 8,299,991. The Kraft Heinz Company has a one year low of $30.68 and a one year high of $38.96. The company has a quick ratio of 0.61, a current ratio of 1.09 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $35.19 and its 200-day moving average price is $36.04. The stock has a market cap of $39.12 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 2.60 and a beta of 0.57.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.43 billion. Kraft Heinz had a return on equity of 7.41% and a net margin of 10.62%. Kraft Heinz’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 EPS. On average, equities research analysts anticipate that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 6th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Thursday, June 6th. Kraft Heinz’s payout ratio is 69.87%.

Analyst Ratings Changes

KHC has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their target price on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Wells Fargo & Company lowered their target price on Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday. Piper Sandler reduced their price target on Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, June 20th. Finally, Bank of America lifted their price target on Kraft Heinz from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 15th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Kraft Heinz currently has an average rating of “Moderate Buy” and a consensus price target of $39.75.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.